SWFs “lose their appetite”

From Yoursdp.org: Cash-rich sovereign wealth funds are unlikely to come to the rescue of battered global financial markets for some time to come, according to Vanguard, the $1,000bn (£694bn, €776bn) strong US fund management house.

A series of Asian and Middle Eastern state-run entities have had their fingers burned after moving prematurely to snap up stakes in beaten-up western financial stocks….. Full Article: Source